(a) A person engaged in a trade or business who, in the course of the trade or business, receives more than $10,000 in one transaction or in two or more related transactions in this state and who is required to file a return under Section 6050I, Internal Revenue Code of 1986 (26 U.S.C. § 6050I), or 26 C.F.R. § 1.6050I-1, and their subsequent amendments, shall file a copy of the return with the attorney general.
(b) A person who timely files the return described by Subsection (a) with the appropriate federal agency as required by federal law complies with that subsection unless the attorney general:
(1) notifies the person that the return is not of a type that is regularly and comprehensively transmitted by the federal agency to the attorney general; and
(2) requests that the person provide the attorney general with a copy of the return.